Hsbc Holdings PLC Has $27.55 Million Holdings in Rexford Industrial Realty, Inc. (NYSE:REXR)

Hsbc Holdings PLC lifted its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 25.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 713,136 shares of the real estate investment trust’s stock after purchasing an additional 142,399 shares during the quarter. Hsbc Holdings PLC owned 0.32% of Rexford Industrial Realty worth $27,551,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Quantbot Technologies LP bought a new position in Rexford Industrial Realty during the 4th quarter worth $33,000. UMB Bank n.a. grew its holdings in shares of Rexford Industrial Realty by 38.9% during the 4th quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 280 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of Rexford Industrial Realty by 515.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,490 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 1,248 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new position in Rexford Industrial Realty in the fourth quarter valued at about $65,000. Finally, SRS Capital Advisors Inc. raised its stake in Rexford Industrial Realty by 4,104.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,775 shares of the real estate investment trust’s stock valued at $107,000 after purchasing an additional 2,709 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Rexford Industrial Realty Trading Down 2.0 %

REXR opened at $33.09 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.39. The stock has a market cap of $7.81 billion, a PE ratio of 27.35, a price-to-earnings-growth ratio of 2.62 and a beta of 0.99. The company has a fifty day moving average of $37.43 and a 200-day moving average of $40.04. Rexford Industrial Realty, Inc. has a twelve month low of $29.68 and a twelve month high of $52.61.

Rexford Industrial Realty (NYSE:REXR) last announced its earnings results on Wednesday, April 16th. The real estate investment trust reported $0.62 EPS for the quarter, beating the consensus estimate of $0.57 by $0.05. Rexford Industrial Realty had a return on equity of 3.26% and a net margin of 29.10%. The company had revenue of $248.82 million for the quarter, compared to analyst estimates of $246.74 million. On average, sell-side analysts predict that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current year.

Rexford Industrial Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $0.43 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.72 annualized dividend and a dividend yield of 5.20%. Rexford Industrial Realty’s dividend payout ratio is currently 138.71%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Evercore ISI decreased their target price on shares of Rexford Industrial Realty from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, April 21st. Scotiabank decreased their price objective on shares of Rexford Industrial Realty from $47.00 to $39.00 and set a “sector perform” rating on the stock in a research note on Monday, April 7th. JPMorgan Chase & Co. cut their target price on Rexford Industrial Realty from $44.00 to $37.00 and set a “neutral” rating for the company in a research note on Thursday. Barclays decreased their price target on Rexford Industrial Realty from $41.00 to $38.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 25th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Rexford Industrial Realty in a research report on Tuesday, January 14th. They set a “hold” rating and a $40.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $44.00.

Rexford Industrial Realty Company Profile

Rexford Industrial Realty, Inc is a self-administered and self-managed real estate investment trust, which engages in owning and operating industrial properties in infill markets. The company was founded by Richard S. Ziman on January 18, 2013 and is headquartered in Los Angeles, CA.